Nearly one-third of U.S. adults who would like to retire are unsure if they will be able to or don't believe they will ever be able to, according to a new survey by Pentegra Retirement Services.
Conducted by Harris Interactive in September, the survey also found that only 19 percent believed they would be able to retire at age 65.
The survey also found that young adults have an "unrealistic perception of how much money they need to retire," according to Rich Rausser, senior vice president of client services at Pentegra. Adults ages 35 to 54 (27 percent) are more likely than those ages 18 to 34 (18 percent) to say they will need more than $1 million to retire. Those ages 18 to 34 (62 percent) are more likely than those ages 35 to 54 (45 percent) to think they will only need up to $500,000 to retire.
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